BOAT & WATERCRAFT INSURANCE
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Boat & Watercraft Insurance
Florida has the highest number of registered boat owners of any U.S. state. With the Gulf of Mexico, Atlantic Ocean, and countless inland waterways, it’s a marine and watersport paradise. There are almost one million boats registered in Florida, which is why boat and watercraft insurance is so essential for residents.
The right insurance policy will offer protection for liability, damage, and loss. Moran Insurance can help you to find a policy that suits your unique needs, no matter the size or value of the boat, yacht, or watercraft that you own.
Explore the different types of coverage that can be included in your policy, and talk to the experts at Moran when you want to find an affordable solution.
Watercraft, boats, and yachts are abundant in Florida. In fact, there are more boats registered here than anywhere else in the U.S. If you want complete protection from loss, damage, and liability, it’s time to talk to Moran Financial Solutions about boat and watercraft insurance.
Liability Coverage for Boats and Watercraft
Chances are that another person or another watercraft can also be affected if you are involved in an accident. You will need liability coverage, especially if you are at fault. You will need to evaluate your risk so that you can determine the exact amount of coverage necessary. The size of your boat, how often you use it, and how you use it should all be considered. Moran Insurance can provide assistance with risk assessment and will present your policy options from a selection of trusted insurers.
Key components of liability coverage include:
- Property damage liability for harm done to another watercraft, structure, or item of personal property.
- Pollution liability for fuel spills.
- Wreckage removal coverage to remove debris following an accident.
- Bodily injury liability to cover the medical costs of third parties.
Physical Damage Insurance for Boats and Watercraft
When the Florida Fish and Wildlife Conservation Commission last reported its yearly boating accident statistical report, it reported 628 reportable accidents. Although the lowest number in the last five years, it is still significant, especially when considering that smaller accidents are not taken into account. This statistic reiterates why it’s so important to have a comprehensive boat and watercraft insurance policy.
Typically, this aspect of your Florida boat insurance is designed to take care of your trailer, motor, and boat. Moran Insurance will help you to determine the right amount of physical damage coverage for your boat, as well as the amount you will pay on any claim as a deductible before your policy kicks in.
Medical Coverage for Personal Injury on Your Boat or Watercraft
If you get hurt when you are on the water, medical coverage will kick in for eligible medical procedures, hospitalization, ambulatory charges, etc. Coverage limits will typically be similar to what you would see for medical coverage on your automotive insurance policy.
Moran Insurance – The Best Place to Find Affordable Boat and Watercraft Insurance
You’ve invested in a boat, yacht, or smaller watercraft that allows you to live the lifestyle you’ve always wanted. Now it’s time to protect that investment.
You can enjoy peace of mind with a comprehensive boat and watercraft insurance policy in Florida. The team at Moran Insurance will explore the vast insurance market to find policies that meet your unique needs. Every case is different, so it’s essential that you have an independent agent who understands the subtleties of marine insurance.
Contact us today to discuss your options and get the best possible insurance for your budget. You can enjoy leisure and watersports with complete confidence when you have the financial safety net that only a comprehensive insurance policy can provide.